EnerDel Awarded $1M for Hybrid Bus Battery Development

The funding was approved as part of the FY 2008 Omnibus Appropriations bill.

Published: 22-Dec-2007

FORT LAUDERDALE, FLA., DEC. 21 -- Ener1, Inc. (OTC Bulletin Board: ENEI), an alternative energy company, announced that the United States Senate approved funding of $1 million to its EnerDel subsidiary for research to develop, produce and evaluate superior battery technology for mass transit hybrid electric buses. The funding was approved as part of the FY 2008 Omnibus Appropriations bill passed in the Senate on December 19 by a vote of 76-17.

This project was included by the Senate and House Appropriations Committee at the request of U.S. Senator Dick Lugar. Senator Lugar worked with members of the Indiana congressional delegation to maintain funding throughout the budget process. The legislation heads to a vote in the House of Representatives. If approved, the bill will be sent to the President for his signature.

On December 18, 2007, Senator Lugar was a keynote speaker a forum at the Brookings Institution on "U.S. Energy Security and the 2008 Presidential Election" where he called for energy security and the economic and environmental issues closely associated with it to be the most important topic of the 2008 presidential election. Read Senator Lugar's speech at http://lugar.senate.gov/energy/press/#speeches.

About Ener1, Inc.

Ener1, Inc. (OTCBB: ENEI) is a demand-side alternative energy technology company that is developing 1) lithium ion batteries for hybrid and electric vehicles (HEV, PHEV and EV) at its 80.5% owned EnerDel subsidiary, 2) commercial fuel cell products through its EnerFuel subsidiary, and 3) nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit http://www.ener1.com and http://www.enerdel.com or call 954-556-4020.

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